YIT constructs an office building in Bratislava, Slovakia
INVESTOR NEWS FEBRUARY 11, 2016 AT 2:00 P.M.
YIT constructs an office building in Bratislava, Slovakia
YIT has signed a contract with a real estate developer AMW Development on the construction of an office building in Bratislava, Slovakia. The building will be constructed next to YIT’s area development project, STEIN2, in Bratislava city centre, and will have over 12,000 square metres of office space. The value of the contract for YIT is over EUR 12 million. The project will be started immediately and it will be completed in autumn 2017.
YIT started the construction of the significant area development project, STEIN2, in autumn 2015. The project will be constructed on the outskirts of the Old Town of Bratislava, in the area of the former Stein brewery with respect for the old area and buildings. In addition to apartment buildings and commercial premises, new infrastructure, green areas and squares for public use will be constructed in the area. The apartment building project started in autumn and the office building project to be started now support each other in creating a new attractive area with versatile services.
The STEIN2 area will have over 400 apartments and almost 30 commercial premises by 2020. The project has already proved successful due its strategic location, green areas and access to all public amenities.
For further information, please contact:
Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Peter Forssell, Vice President, Head of Business Premises, CEE division, YIT Construction Ltd, tel. +358 40 532 2273, peter.forssell@yit.fi
YIT CORPORATION
Sanna Kaje
Vice President, Investor Relations and M&A
Distribution: NASDAQ OMX, major media, www.yitgroup.com
YIT is a construction industry leader that creates sustainable urban environments by constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have over 5,300 employees in eight countries. In 2015, our revenue amounted to nearly EUR 1.7 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com